Huge investments being made in Nepal hotel industry


KATHMANDU – Massive investments are being made in refurbishing existing hotels and establishing new ones with Nepal Tourism Year 2011 round the corner.

According to Sunday’s The Kathmandu Post daily, the Hotel Himalaya, a four-star property, is upgrading to five-star rating while three new four-star hotels are coming up.

This is first time such large investments are being made in the hospitality industry after the opening of the Hyatt Regency 10 years ago.

The Implementing Expert Group, a consortium of small and medium- scale entrepreneurs, is coming up with two four-star hotels in the capital Kathmandu.

One more four-star hotel is being planned in the country. The tourism industry division at the Ministry of Tourism and Civil Aviation said it had received an application from the Hotel Siddhartha View to open a four-star hotel in Nepalgunj.

“We have received applications from the Airport Hotel and the Hotel Siddhartha View for a four-star operating certificate,” said Nirajan Ghimire, section officer at the ministry.

The ministry said it would grant permission to these hotels if they meet the required specifications.

A four-star hotel needs to have a swimming pool, sprinkler system and central air conditioning among other amenities.

The existing four-star hotels are also busy upgrading themselves adding more rooms and comforts. The Hotel Himalaya is adding 25 rooms and plans to have them operational by mid-October. After the addition, it will have 125 rooms. Hotel sources said they would go for five-star service from January next year.

The Radisson Hotel, a five-star property, is adding 100 rooms. “We’re at the planning stage,” said general manager Abhinav Rana.

According to Rana, the new rooms will be spacious and have contemporary looks, modern lighting and furniture. The hotel is planning to complete the expansion work by the first half of next year.

The Hotel Woodlands, which was closed in 2007, has applied to reopen. Managing director Harihar Lal Shrestha said that the request had been submitted to the Tourism Ministry.

Five-star hotels the Yak & Yeti and the Soaltee Crowne Plaza are also improving their facilities.

The upcoming Tourism Year has also attracted foreign investment in the hotel industry.